Biz Kid$ Teacher Professional Development Workshop

1. Biz Kid$ Teacher Professional Development Workshop

2. Biz Kid$ Teacher WorkshopMay 2009Presented by WGTE Public MediaEducational Resource Center Welcome! Betsy Hood Renee deValpine betsy_hood@wgte.org renee_devalpine@wgte.org Production and educational outreach funding is generously provided to Biz Kid$ by a coalition of America’s Credit Unions. WGTE’s Biz Kid$ school programs are supported in part by Northwest Ohio Credit Unions and the Ohio Credit Union Foundation

3. Session Agenda Activity: What can you do with money? Financial Education: Why? Introduction to Biz Kids online: 5 Core Episodes Biz Kid$ in the Classroom Other Financial Literacy Resources: Ohio Credit Unions Biz Kid$ Career Explorations and School Program Ideas Wrap Up

4. Session Goals • Explore the need for financial education • Discover how Biz Kid$ teaches students about managing money and business • Identify and interact with Biz Kid$ learning resources and videos • Learn how to involve community partners in the classroom & explore other financial education resources available through Ohio’s Credit Unions

5. Activity What would you do with $1,000,000? Working in small groups, discuss what your group would do with $1,000,000. We will share out in 5 minutes What can you do with money? Biz Kids Episode #104

6. What Do Kids Think?: Ages 13-18 • 80 % think "it's important to me to have a lot of money in my life" • 73% believe they'll be earning "plenty of money" when they're out on their own • 86% believe they will be on their own by 25 years of age • They project their average salary at: $145,500 based on their career interests Source: Charles Schwab & Co., Inc., Optimistic Teens May Need Financial Reality Check, Schwab Survey Shows, March 27, 2007.

7. What Do Kids Know?: Ages 17-18 • 52% did not know that paying off a credit card more slowly will result in higher finance charges • 60% did not know that they could lose their health insurance if their parents become unemployed • 52.3% did not know they could check their credit report for free once a year at www.annualcreditreport.com/ Source: Statistics above are based on the results of the Jump$tart Coalition® for Personal Financial Literacy Survey (April, 2008.) 6,856 high school 12th graders in 40 states participated in the survey.

8. What Do K-12 Teachers Say? • According to teachers, financial literacy skills are lacking among their students and believe they need to be exposed to the basic financial skills they will need to function in society. • Topics teachers mentioned included: • Balancing checkbooks • Managing credit • Making intelligent economic decisions • Staying out of debt Source: Networks Financial Institute at Indiana State University,National K-12 Financial Literacy Qualitative & Quantitative Research, March/April, 2007, http://www.networksfinancialinstitute.org/SiteCollectionDocuments/NationalK12FinancialLiteracyStudy.pdf (Based on 650 K-12 teachers interviewed nationally)

9. What About Parents? • Only 19% of parents discuss back to school budgeting and only 22% make a list of back-to-school items to purchase. • 80% of parents see themselves as positive money role models for their kids, yet only a small percentage are taking advantage of day-to-day learning opportunities to arm their teens with practical money skills. • Source: Capital One, Capital One's Annual Back to School Survey Finds More Teens Eager To Learn About Money, Yet Parents Continue to Overlook Simple Opportunities to Talk Dollars and Cents, July 2007, http://phx.corporate-ir.net/phoenix.zhtml?c=70667&p=irol-newsArticle_print&ID=1026172&highlight

10. Biz Kid$ to the Rescue… • Biz Kid$ is a fun, fast-paced public TV series where kids teach kids about money and business • Teaches with comedy & spoofs on movies &TV shows • Each show features young entrepreneurs and social entrepreneurs succeeding in business (handbag designer, podcast host, dog groomer, etc.) • Key Ideas: using credit wisely, saving, budgeting, investing, donating, and how to run a business • Intro to episode #104 What to do with Money

11. Using Biz Kid$ Series Video • The 39 episodes have 4-year record (taping or DV-R) & educational use rights • The Biz Kid$ website has a zip code finder search to find when Biz Kid$ is airing on your public TV station • DVD boxed sets are available for the first 26 episodes. Contact Jessica Stavalone, jstavalone@wxxi.org, for details. • Episode video clips are available on the web. www.bizkids.com • Receive copies of Biz Kid$ DVDs for participating in this workshop today – as part of WGTE’s outreach program.

12. Using Biz Kid$ Online Three sites I will be using today… www.bizkids.com Streaming video of Biz Kids episodes Curriculum materials Student activities Family/parent resources www.wxxi.org/tv/bizkids Teacher Professional Development Outline Bingo Career modules Business Development Module - ideas to assist students in developing their own business model Booth Kit Display and activity ideas for an event – banners, logos, posters, etc. www.wgte.org/education Biz Kid$ teacher workshop information Biz Kid$ Classroom Showcase videos

13. Biz Kid$ Content and Format • Concept introduction through host skits, comedy sketches & profiles • Entrepreneur interviews in all episodes #110 • Watch an episode and use the related curriculum lesson in a 2-day format • Less time: Watch some clips and use activities from the episode curriculum package.

14. Biz Kid$ 5 Core Episodes 5 episodes focus on key concepts in financial education Curriculum packages available in English and Spanish at: www.bizkids.com Each package includes: -Biz Terms -Equipment and Materials Needed -Day One: Student Activity -Day Two: Student Activity -Discussion Questions -Handouts -Family Activity Sheet

15. Focus of 5 Core Episodes Episode 104: What Can You Do With Money? Focus: Understanding spending, saving, investing, and donating Episode 106: Taking Charge of Your Financial Future Focus: Set financial goals and learn about opportunity cost Episode 110: How to Achieve Your Financial Goals Focus: Achieve financial goals by tracking and controlling spending, and investing from a young age Episode 116: Budgeting Basics Focus: Budget to gain control of spending and expenses Episode 123: Understanding Income and Expenses Focus: Tracking income and expenses to follow cash flow

16. Biz Kid$ Website Resources Let’s preview the site! www.bizkids.com • Episode Curriculum, Games & Family Activities • Video Clips & Young Entrepreneur Profiles • “Dollar-A-Glass” Online Entrepreneur Game • Submit Your Biz Kid$ Story Idea • Zip Code Search: Look up when the series airs locally • Biz Kid$ Blog & “The Vault” E-Newsletter • Financial Tips

17. Biz Kid$ in the classroom Showcase Videos: www.wgte.org/education Lake Elementary 5th Grade Class St. Pius X School 8th Grade • Look for thematic ties to what you already teach • Include finance, business, economics, math, English language arts, service learning and other subjects • Include “real world” authentic projects that use business and money management skills

18. Biz Kid$ Themes 21st Century Skills: • Financial Literacy • Economic Education • Real world experience • Project-based learning • Communication skills

19. Theme: English Language Arts Activities: • Vocabulary: Biz Terms & Biz Terms Bingo • Communications: Marketing/Presenting Yourself and Your Business • Create business plans, business cards, poster/ad, resume, business pitch • Present a business plan • Letter writing to set-up job shadowing, guest speakers and mentors

20. Themes: Finance & Life Skills Financial Literacy, Personal Finance, Life Skills, Family & Consumer Sciences • Episodes and activities related to: saving, investing, donating, spending, budgeting, credit, credit reports, identity protection, paychecks, & smart consumer information • Guest speakers from credit unions, credit bureaus, chambers of commerce, etc. • Have students track expenses, set savings goals, encourage opening a saving account or 529.

21. Theme: Mathematics Activities: • Money Math: Episode 202 deals exclusively with Money Math • Calculating %: interest rates, rates of growth: Do the math by hand and use financial calculators online. • Budgeting and tracking expenses: personal or business • Adding up totals and making change • Savings goals over time • Generate financial word problems

22. Themes: Business & Entrepreneurship: Activities & Episodes Dealing with: • Business plans • Goals & Planning • Goods & Services • Credit, budgeting, tracking expenses • Sales, persuasion & marketing • Cash flow • Personnel Management & Communications • Risk • Online Business • Ethics • Plan or create a classroom or school business • Have teams create a business planning presentation • Sponsor a business contest • Sponsor a business fair to showcase businesses and business plans in the school

23. Theme: Economics Specifics: • Global economy and interconnections • Needs vs. Wants • Supply & Demand • Financial Institutions & Markets • Economic Cycles • Green Economy Use the series to introduce and provide examples of these difficult concepts

24. Theme: Economics Activities: Create a day-to-day mini-economy in the classroom Use Biz Kid$ to introduce the economic concepts Students have jobs, and track “income” and “expenses” for classroom based activities

25. Theme: Career Exploration Activities: Career Module • Use short profiles from Biz Kid$ to learn about the kinds of questions to ask. • Guest Speakers • Job shadow groups and Business Field Trips • Mentors to assist with business planning • “Learn About Careers” Fair or business guest speakers series • Research careers using the library, Internet & through interviews

26. Additional Financial LiteracyResourcesOhio Credit Unions Beth Carpenter Northwest Ohio Credit Unions, Chapter President TPS Credit Union

27. Outreach Kits • Biz Kid$ Teacher Professional Development Kit: • Provides training and activity suggestions • Activities are described in next slides. • Career Explorations, Business Development Module • Biz Kid$ Booth Kit: • Provide display and activity ideas for an event • Available at: wxxi.org/tv/bizkids

28. Biz Kid$ Career Modulehttp://wxxi.org/tv/bizkids/ • Watch Biz Kid$ Career Exploration Episodes & Use Curriculum Packages • Watch Entrepreneur Profile Video Clips & Use “Get to Know the Biz Kids” Handout • Researching Careers Activity • Get to Know the Makers of the Dough • Guest Speakers • Class Field Trip to a Business • “Learn About Careers” Day • Job Shadowing in Small Groups

29. Get to Know the Biz Kids • Watch the entrepreneur profile clips at bizkids.com #106 Art by Christian • Complete Get to Know the Biz Kids Handout • Help students identify issues in starting and running a successful business

30. Interview Business People • Invite guest speakers from the community • Complete Get to Know the Makers of the Dough Handout • Help students learn how to conduct an information interview

31. “Learning About Careers” Day • Invite guest speakers from the community for a “Learn About Careers” Day. • Complete Get to Know the Makers of the Dough Handout • Help students learn how to conduct an information interview

32. Business Field Trip • Help students learn how to conduct an information interview • Provide tours in an actual business environment

33. Biz Kid$ Business Development Modulehttp://wxxi.org/tv/bizkids/teacherkit.html • Watch Biz Kid$ Business Planning Episodes & Use Curriculum Packages • Lemonade Stand Business Activities • Create Your Own Business Activities • Launch a Biz Kid$ Contest

34. Biz Kid$ Create Your Own Business • Decide on a business idea • Create a Biz Kid$ Business Plan • Make Your Own Resume • Biz Cards • Brainstorm a Marketing Poster • “Market Me” Handout to Evaluate Advertising • Create an Advertisement Skit or Video • Make a Biz Brochure

35. Launch a Biz Kid$ contest • Categories • Youth who already have a business • Youth who are planning a business • Youth who have conducted a community service project • Youth who are planning a community service/social entrepreneur project • Business poster contest for real or planned businesses • Best business pitch to a group of judges or mentors • Community Partnerships: • Provide prizes and judges • Mentors and guest speakers to assist students • Promotion & media coverage

36. Service Learning Activities: • Use social entrepreneur interviews to inform kids of what they can do to give back. • Create project-based learning where kids raise money to give to a cause • Invite social entrepreneurs to be guest speakers to describe their work of running a business to “give back” and provide needed community services

37. Biz Kid$ Educational Options • Grade level or classroom curriculum • After School: Watch an episode. Use curriculum activities & games. Have kids plan & run businesses • Great opportunity for using business mentors Biz Kid$ teams launch their construction companies to plan & finance an engineering job

38. Biz Kid$ Action Plan • Use Biz Kid$ in Your Classroom or Grade Level • Pick episodes that fit themes you teach • Offer a Training Session: • For Other Teachers, Parents, After School Staff • Youth Development Leader Training • Training for Kids (Clubs, After School, etc.) • Plan & Host a School Family Event • Host a Biz Kid$ Booth at a School Event • Host a Biz Kid$ Screening • Launch a Biz Kid$ Contest • Have Classes Interview Business People